LGBT Community Could Be New Market Opportunity for Credit Unions
A new Filene Institute report makes the case that the lesbian, gay, bisexual and transgender (LGBT) community could be the next growth market for credit unions. The report details, for example, that same sex couples experience higher rates of poverty and are less likely to own property or hold mortgages. Many couples claim they face credit discrimination and 29 states still permit lenders to consider sexual orientation as a credit risk. [10/1/15]